"I am pleased to announce today the Economic Development Administration grant of $900,000 that will benefit the City of Watts and Adair County," Senator Inhofe said. "This investment will support the construction of infrastructure improvements to accommodate the development of a new state-of-the-art plastic recycling and composite building material manufacturing facility in Watts. These improvements will allow for the continued expansion of the city and county's economic base."
Joe Harrington, Deputy Executive Director, Eastern Oklahoma Development District, welcomed the news saying, "With Senator Inhofe's continued support, this is another example of one of the premiere federal agencies providing assistance to distressed areas of Oklahoma. Mr. Pedro Garza and his staff in the regional EDA office in Austin have been instrumental n recent high impact economic development projects in Oklahoma."
The U.S. Commerce Department's Economic Development Administration serves as a venture capital resource to meet the economic development needs of distressed communities throughout the United States. EDA's mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.
Additional information on how EDA programs are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov/.